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Is there a telegram group for MMM, hopefully to be Georgina? Thanks for posting. A raise of £3m will create some dilution, but hopefully not much. There's a relatively small number of shares in issue and a relatively small free float too. Hopefully the RTO will progress smoothly and given the IPO target of around £58m, then the market should provide a swift rerate initially and the potential resource estimates looks huge!
Surprise it's so quite on hear after RTO annoucement
Listened to the interview and hope we can get this deal over the line as talk about a project value of 100 billion at the end of the interview
We could be a,winner with this reverse takeover and make up for the long wait and live in hope and great news based in Australia a solid infrastucture
What are peoples thoughts on this? Mosman only a m/c of £1.6 m/c with 2 HELIUM JV's in play
Https://youtu.be/gpwSU_RBRzc?si=hY_mbjx0H34_Zxko
Reckon they stack up better than HE1 who have £56m MCAP!
Need to raise £3m at IPO.
Georgina worth £127m apparently but need to research further.
Ha ha! Timing eh?
There's a stock box interview about Georgina Energy. Oz rather than Africa is good as far as I'm concerned.
Let's hope Roy can get this one over the line.....
Ask and you shall receive Magnum lol
Another deal on the table...there is hope here
When will these bozo's get their act together? should be struck off as company directors imo.
And still nothing..................
How long does it take !?!?
Additional Proposed Acquisition
Given the delays being experienced in progressing the Proposed Transaction, the Board have considered several opportunities presented to them for the Company to acquire complimentary assets. A decision has been made to proceed to detailed negotiations on the acquisition of a gas asset in the Republic of Botswana ("Additional Proposed Acquisition"). Initial negotiations on headline terms are at an advanced stage although the Company will not enter into any substantive agreement unless and until it is satisfied with the results of its further due diligence. The Company will update shareholders once headline terms have been agreed.
Completion of this Additional Proposed Acquisition (if the Board are minded to proceed) will be subject to satisfaction of a number of conditions including; i) completion of satisfactory due diligence ii) execution of a definitive legal agreements iii) auditing of the licence holding company accounts; iv) raising sufficient further funds for the Additional Proposed Acquisition and all necessary working capital; v) approval by shareholders at a General Meeting to be convened; vi) obtaining all necessary approvals (if required) and; vii) granting of eligibility for the readmission of the Company to the Official List by the FCA.
They are looking at a number of potential projects in southern africa. Their problem is they cannot find one which is relatively close (ie within a couple of years) to achieving a major liquidity event justifying management time, effort and shareholders cash. But since FCA is not kicking them off AIM, i suspect they will eventually find one that ticks the boxes for a reverse takeover deal.
Just standard practice. Similar date to previous years :-(
Does this mean a deal is in the offering ?
miracles above
They're a shiz shoz of a company. Probably list themselves on AIM for legal reason for as long as it takes to cross the I's and T's and take poor old shareholders money and delist. Probably offer 0.001p per share to get off AIM.
Should be illegal. Time will tell.
The RNS states that if either of these deals completes the company will apply to the FCA to relist.
Very frustrating but what else can be done?
https://www.londonstockexchange.com/news-article/MMM/company-update/15816613
what a **** show and will take an eternity... Can't understand why co's doing this, and the point, unquestionably if true what a complete waste of their time..
Shambolic, kicking the can down the road. But Roy is pleased to report! Doesn't reply to shareholder emails though.
Quite apt that the resource is methane!
Only positive for me is that the warrant holders indicate they will convert so bringing in cash £, but of course diluting the rest of us.......
Exactly as the first thing you do is check on the license so a year wasted
Imagine spending a year finding out the potential acquisition co didn’t renew its licence
“The Company has been made aware through the due diligence process that the project licence has not been renewed and that the project vendors are currently appealing the refusal to renew. The Company does not know whether the appeal will succeed or how long it will take to be decided.
Given the above, there can be no certainty that the Proposed Transaction will take place and the Company intends to update the market in the near term as to whether it will proceed or resolve to pursue another course of action.”
Surely it's no deal and return to the market to look for another deal simple as that.
RN S so no deal and shares worthless as expected
Complete wock wombles.
Complete **** wombles.